About GLAAS
GLAAS is a Technology company based in Mumbai (India) founded in 2021. Platform for integrating credit services via APIs for businesses. It operates on a B2B and SaaS model in Technology and Financial Services sectors. GLAAS has raised $5 million across 1 funding round from investors including Devesh Sachdev. The company has 37 employees. Its Indian entity Gromor Finance Private Limited reported revenue of ₹11.18 Cr. GLAAS offers products and services including API Suite, Dashboard, and White-label Solutions. Its focus areas include FinTech, Investment Tech, Financial Databases and Private Company Data. Its competitors include Perfios, Hyperface and Ascend Capital; 3 of its 3 listed competitors have raised funding.
Company details
GLAAS is a technology platform owned by Gromor Finance, an NBFC, that enables businesses to embed regulation-compliant lending services. It offers APIs for onboarding, KYC verification, loan management, and collections, simplifying credit integration for sectors like eCommerce and logistics. The platform supports features such as dashboards and white-label solutions to enhance customer engagement and revenue through seamless financial tools, though specific locations are not detailed.
- Headquarters Mumbai, India
- Employees 37
- SectorsTechnologyFinancial Services
- Website glaas.co
- Social X Facebook
- Legal Name Gromor Finance Private Limited
- Date of Incorporation 14 Aug, 1997
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹11.18 Cr
FY 2025 · -19% YoY
- Net Loss-₹1.76 Cr
FY 2025 · -16% margin
- EBITDA₹2.43 Cr
FY 2025 · 22% margin
- Total Equity Funding$5M (USD)
in 1 rounds
- Latest Funding Round$5M (USD), Angel Round
Apr 2026
- Employee Count37
Associated legal entities of GLAAS
GLAAS operates through Gromor Finance Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Gromor Finance Private Limited CIN U65990MH1997PTC110103 | Active | 14 Aug 1997 | Mumbai, Maharashtra | ₹11.2 Cr | 37 | 4 | View details |
Products & Services of GLAAS
GLAAS offers a comprehensive portfolio of products and services, including API Suite, Dashboard, and White-label Solutions.
APIs for onboarding and loan management services
Tool for real-time event tracking and reports
Custom apps for loan origination and collections
Funding Insights of GLAAS
GLAAS has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Angel Round of $5 million completed in April 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $5M
- Total Rounds 1
- Last Round Angel Round — $5M
- First Round $5M
(Apr 2026)
- Investors Count 1
All 1 funding rounds of GLAAS with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2026 | $5M | Angel Round | – | – |
1 investors in total: 0 institutional and 1 angel.
Investors in GLAAS
GLAAS has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Devesh Sachdev.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
DS Devesh Sachdev | unknown_37f8a294a9b94b3ba |
Investor details for GLAAS
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Gromor Finance Private Limited (GLAAS)
Gromor Finance Private Limited is the primary company behind GLAAS. The board of Gromor Finance Private Limited currently have 3 directors; the longest-serving is Bhupesh Namdeo Morye, appointed in 2017. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bhupesh Namdeo Morye DIN 06738834 | Director | 18 Mar 2017 | 9 yrs 7 mo | Gromor Finance Private Limited |
| Santosh Raghu Shetty DIN 01761383 | Director | 18 Mar 2017 | 9 yrs 7 mo | Gromor Finance Private Limited |
| Shailesh Nandkishorsingh Dixit DIN 08166172 | Managing Director | 24 Jul 2018 | 8 yrs 3 mo | Gromor Finance Private Limited |
Financials of GLAAS
Figures of Gromor Finance Private Limited, the primary company behind GLAAS, for FY 2025. Revenue was ₹11.18 Cr (-19% year on year). Net loss was -₹1.76 Cr (-16% margin). EBITDA was ₹2.43 Cr (22% margin). Revenue has grown at a compounded annual rate of +13% over three years and +13% over five years.
- ₹11.18 CrRevenue · FY 2025 · -19% YoY
- -₹1.76 CrNet loss · -16% margin
- ₹2.43 CrEBITDA · 22% margin
- ₹1.14 CrPaid-up capital
- 37Employees (provident fund records)
- +13%Revenue CAGR, 3 years
- +13%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Gromor Finance Private Limited are on its company page.
Detailed financial statements for GLAAS
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of GLAAS
2 dated milestones of GLAAS across 5 years, from founding to its latest funding, stage changes and deals.
- Founded GLAAS is founded.
- Funding First funding round of $5.0M.
Competitors of GLAAS
GLAAS has 3 listed competitors in our database, 3 of them funded. They include Perfios, Hyperface and Ascend Capital.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| perfios.com | 2008 | Bengaluru, India | $258.77M | Provides financial technology solutions for data analysis and verification globally. | ||
| hyperface.co | 2021 | Bengaluru, India | $10.3M | 91 | Provider of platform for launching and managing credit card programs | |
| ascendcap.in | 2018 | Jaipur, India | $6.02M | 263 | Provider of financing solutions for electric vehicles |
Detailed competitors of GLAAS
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Top companies in Investment & Financial Technology
2 companies that operate in the same segment as GLAAS (Investment & Financial Technology) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 |
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Related news about Glaas
Complete news archive for GLAAS
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Frequently Asked Questions about GLAAS
GLAAS was founded in 2021 and raised its 1st funding round 5 years after it was founded.
GLAAS is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
GLAAS is a funded company, having raised a total of $5M across 1 funding round to date. The company's 1st funding round was a Angel Round of $5M, raised on Apr 2026.
GLAAS has 37 employees.
The primary company behind GLAAS, Gromor Finance Private Limited, reported revenue of ₹11.18 Cr for FY 2025, down 19% year on year.
GLAAS is a technology platform owned by Gromor Finance, an NBFC, that enables businesses to embed regulation-compliant lending services. It offers APIs for onboarding, KYC verification, loan management, and collections, simplifying credit integration for sectors like eCommerce and logistics. The platform supports features such as dashboards and white-label solutions to enhance customer engagement and revenue through seamless financial tools, though specific locations are not detailed.
GLAAS's top competitors include Perfios, Ascend Capital and Hyperface.
GLAAS offers API Suite, Dashboard, and White-label Solutions.
GLAAS has 1 investor. Key investors include Devesh Sachdev.
GLAAS operates through Gromor Finance Private Limited.
The legal entities of GLAAS currently have 4 directors, including Bhupesh Namdeo Morye, Santosh Raghu Shetty, Shailesh Nandkishorsingh Dixit and others.